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DAX Index

DAX momentum has stalled at 2023 highs.GER40 - 24h expiry - We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. 15708 has been pivotal. A higher correction is expected. Rallies should be capped by yesterday's high. We look to Sell at 15699 (stop at 15819) Our profit targets will be 15401 and 15341 Resistance: 15662 / 15708 / 15800 Support: 15550 / 15470 / 15350 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURShort
by OANDA
DAX This wave still has room to riseDAX has gone a long way since our buy recommendation 2 weeks ago (see chart below). The technicals on the 1D time frame are firmly bullish (RSI = 60.575, MACD = 68.200, ADX = 31.986) and the RSI in particular is out of its Buy Zone and approaching the top of the Channel Down. The index is trading inside a Channel Up for exactly 5 months and every bullish wave has so far been within 11.50% - 11.85%. If it rises by +11.50% again from the recent bottom, then we are looking at a target price around 16,130. Our TP is 16,000. It is important to keep in mind the long term dynamics on DAX and what stands out in particular is how perfectly the 1D MA100 supported March's correction. In fact, DAX hasn't closed a 1D candle under the 1D MA100 since October 24th 2022. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
Elliott Wave Favors DAX Rally to FailCycle from 9.28.2022 low has ended as a 5 waves impulse at 15706.51. We labelled this rally as wave ((1)) as the 1 hour chart below shows. Wave ((2)) pullback is currently in progress to correct cycle from 9.28.2022 low. The decline from wave ((1)) peak on March 7, 2023 is unfolding as a double three Elliott Wave structure. Down from March 7, 2023 high, wave ((a)) ended at 14664.17 and rally in wave ((b)) ended at 15153.11. Final leg wave ((c)) lower ended at 14458.39 which completed wave W in higher degree. Wave X rally is now in progress to correct cycle from 3.7.2023 high with internal subdivision as a zigzag structure. Up from wave W, wave ((a)) ended at 15298.49 and pullback in wave ((b)) ended at 14809.82. Wave ((c)) higher is in progress to retest wave ((1)) high at 15706.51 before the Index turns lower. A 100% Fibonacci extension of wave ((a)) comes at 15644.18 which is a possible target for wave ((c)) of X. Near term, as far as pivot at 15706.51 high stays intact, expect the rally to fail and the Index to resume lower again.
XETR:DAX
by Elliottwave-Forecast
1
DAX to turnaround at trend line resistance?GER40 - Our short term bias remains negative. We are trading at overbought extremes. Trend line resistance is located at 15350. Short term momentum is bullish. Prices expected to stall near trend line resistance. 24h expiry - We look to Sell at 15359 (stop at 15479) Our profit targets will be 15059 and 15009 Resistance: 15200 / 15300 / 15400 Support: 15100 / 15000 / 14900 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURShort
by OANDA
FDAX UpdateIndicators are neutral, but it hasn't hit oversold yet so there's a possibility of a gap down Monday despite the bullishness in the US market today. the US market probably wants to gap up but the Euros dictate the gap direction much like this morning. I am planning on carrying a relatively small long position over the weekend. As I said earlier in my ES post, expecting a whipsaw finish today. Kinda tempted to add some IWM (small cap index) to my retirement account, I think there will be a garbage stock short squeeze next week. I don't recommend investing directly into garbage like PTON or AFRM, lol. Bad news can tank an individual stock.
EUREX:FDAX1!
by hungry_hippo
DAX to breakdown?GER40 - Our short term bias remains negative. The bias is to break to the downside. News events could adversley affect the short term technical picture. A higher correction is expected. A break of the recent low at 15069 should result in a further move lower. Our profit targets will be 14759 and 14709 22h expiry - We look to Sell a break of 15059 (stop at 15179) Resistance: 15200 / 15306 / 15400 Support: 15160 / 15070 / 15000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURShort
by OANDA
DAX Double Buy entryDAX is now between the MA50 (4h) and MA200 (4h) after it failed to cross over the latter on this Fed day. It was rejected on Zone 1 of the previous Lower High. There are another two such Zones on display, both potential Supports around key Fibonacci levels. Trading Plan: 1. Buy on Zone 2 (Fibonacci 0.382). 2. Buy on Zone 3 (Fibonacci 0.236). Targets: 1. & 2. 15700 (Resistance 1). Tips: 1. The RSI (4h) is rising steadily on Higher Lows (Rising Support). This is an additional level that can indicate a buy entry if it matches one of the above. Please like, follow and comment!!
CAPITALCOM:DE40Long
by TradingBrokersView
8
DAX: Beam us up, Mr. Scott! 🖖Happy Birthday, William Shatner! Consistent with the great day of the actor playing Captain James T. Kirk in Star Trek , DAX was also beamed up – and considerably so. From the low of wave iv in pink, the index has shot upwards by about 5% and should still continue the ascent above the resistance line at 15 703 points, where it should complete wave 1 in blue. However, a 35% chance remains that DAX could slip below the support line at 14 617 points. In that case, the index would first develop wave alt.iv in pink to establish a new low in the pink zone between 14 299 and 13 863 points before moving upwards again.
EUREX:FDAX1!
by MarketIntel
DAX to see early optimism?GER40 - We are trading at overbought extremes. Short term bias has turned negative. A higher correction is expected. News events could adversley affect the short term technical picture. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. 24h expiry - We look to Sell at 15466 (stop at 15586) Our profit targets will be 15166 and 15116 Resistance: 15271 / 15400 / 15480 Support: 15200 / 15080 / 15000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURShort
by OANDA
DAX is starting a long-term rally to 16100DAX is now testing the 1D MA50 (blue trend-line) having rebounded at the bottom of its long-term (since the October 03 Low) Channel Up and the 1D MA100 (green trend-line). With the 1D RSI coming out of its Accumulation Zone, as in the previous two Lows (late September and late December 2022), we expect this first long-term wave to hit at least 16100 and the middle (0.5 Fibonacci) of the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
DLong
by TradingShot
GER30, D1 | Potential bullish bouncePrice has bounced off the 23.6% Fibonacci retracement, we could see the momentum carry price up to its take profit target. Entry: 14,872.48 Why we like it: There is a 61.8% Fibonacci retracement and a swing low support Stop Loss: 14,442.76 Why we like it: Swing low support Take Profit: 15,718.21 Why we like it: There is an overlap resistance Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GLong
by VantageMarkets
DAX has turned negative.GER40 - Intraday - Short term oscillators have turned negative. The trend of higher intraday lows has also been broken. The sequence for trading is lower lows and highs. Preferred trade is to sell into rallies. 50 4hour EMA is at 15242. We look to Sell at 15229 (stop at 15329) Our profit targets will be 14979 and 14939 Resistance: 15000 / 15120 / 15250 Support: 14885 / 14700 / 14600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURShort
by OANDA